GOODsoil VC, Backer of Zeepay and BezoMoney, Wraps Up With No Second Fund
- GOODsoil VC has completed the full deployment of its $67.5 million fund.
- The firm will not be raising a follow-up fund, marking the end of a significant chapter in its history.
- Founded in 2017, GOODsoil VC focused on early-stage capital for African tech startups, particularly those led by minority founders.
Tech Labari - Jun 13, 2025
GOODsoil VC Winds Down $67.5M fund, Won’t Raise Follow-Up
GOODsoil VC, a Ghana-based venture capital firm, has completed the deployment of its $67.5 million f
The closure of GOODsoil VC represents a significant shift in the Ghanaian venture capital landscape, emphasizing the need for sustainability and local capital in funding startups. While the firm's achievements are commendable, the decision not to raise a follow-up fund raises questions about the future of early-stage investments in the region. It will be interesting to see how the evolving dynamics of competition and investor expectations shape the next phase of venture capital in Africa.
